Subscription to Al Khaldi Logistics Nomu offering is live: Qualified investors have until Sunday, 1 June, to subscribe to the Nomu IPO of Al Khaldi Logistics. Each investor can book up to 750k shares, and a minimum of 10 shares at a price range of SAR 44-47 apiece. The final allocation of shares is slated for Tuesday, 3 June.

REMEMBER- Al Khaldi is taking a 7% stake to market in a secondary share sale where selling shareholders will rake in net proceeds. Some c. 1.1 mn shares are up for grabs.

Proceeds + market cap: At the top of the range, the selling shareholders could rake in up to SAR 49.4 mn in proceeds, and it would give the company a market cap of SAR 705 mn at listing. Some SAR 1.3 mn will be deducted from total proceeds to cover IPO-related expenses.

ADVISORS- Yaqeen Capital is quarterbacking the transaction as financial advisor and lead manager. Baker Tilly is serving as an accountant. Receiving agents include Alisthmar Capital, Alinma Capital, SNB Capital, Al Jazira Capital, Riyad Capital, ANB Capital, and Albilad Capital, among others.

Key logistics sector listings to watch out for in 2025:

  • Saudi Global Ports (SGP) reportedly tapped banks in December, including Goldman Sachs and HSBC, to arrange an upcoming IPO;
  • Saudi e-commerce platform Salla raised USD 130 mn in a pre-IPO investment round led by Bahrain-based Investcorp and others. Salla is yet to announce a timeline;
  • Israel’s Ashdod Port Company plans to float up to 49%, and has published a tender to select an IPO adviser in January;
  • Etihad Airways could be gearing up for a listing on ADX. A final decision on the move is yet to be made by shareholders, but the airline is ready for it anyway, CEO Antonoaldo Neves told Reuters late last April;
  • Malaysia’s largest port operator MMC Port Holdings has hired local banks CIMB and Maybank to work on its planned initial public offering (IPO) that is projected to reel in over USD 1.34 bn. The IPO — possibly Malaysia’s largest in over a decade — is expected to move forward between 2H 2025 and 2026;
  • E-commerce and B2B firm Silq Group — the result of a recent merger between Saudi e-commerce platform Sary and Bangladesh’s ShopUp — is eying an IPO in 2027;
  • Adnoc is reportedly weighing an IPO for its recently set up USD 80 bn low-carbon and chemicals arm XRG on an international exchange. Any future floatation will take effect in five-odd years, Reuters reported in May, citing an unnamed source.
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